Metaplanet Allocates 98.5% of Assets to Bitcoin—30,823 BTC
Japanese investment firm Metaplanet acquired 5,268 BTC for ¥91.6 billion and now holds 30,823 Bitcoin, representing 98.5% of its ¥550.7 billion balance sheet. The average purchase price was $108,000 per coin. This aggressive asset allocation underscores a shift toward Bitcoin as a core treasury reserve to hedge inflation, mitigate yen depreciation and boost long-term shareholder value.
Metaplanet’s transparency in disclosing its holdings sets a benchmark for corporate treasury management and may spur other public companies to increase institutional investment in Bitcoin. Traders should watch for potential market volatility from large-scale acquisitions, the impact of rising spot Bitcoin ETFs and the approaching halving, as these factors could establish a price floor and reinforce Bitcoin’s scarcity narrative.
Bullish
Metaplanet’s large-scale Bitcoin acquisition and high concentration signal strong institutional demand, which tends to be price supportive. In the short term, such block purchases can absorb market supply and trigger volatility around execution. Over the long term, allocating 98.5% of its balance sheet to Bitcoin highlights confidence in its role as a store of value, especially ahead of the halving and amidst growing Bitcoin ETF inflows. This combination of institutional treasuries entering and scarcity narratives creates a bullish outlook for Bitcoin’s price trajectory.